Reactors originally intended for Belene NPP project now likely to sold to Ukraine to compensate for loss of Zaporizhzhia NPP to Russia.
Almost 1.5mn Ukrainians were plunged into darkness over the weekend as Russia continued what has been described as the biggest barrage of missile strikes against its energy infrastructure since the start of the war over two years ago.
Speaking on March 23, 18 hours after the attack that killed at least 115 and wounded hundreds more, Putin stated that the gunmen responsible for the shooting had been caught, and claimed that they were in a car on the way to the Ukrainian border.
Russia's Defence Ministry is reportedly gearing up for a significant escalation in the conflict in Ukraine, with plans to deploy an additional 300,000 troops, according to sources cited by the independent outlet Verstka.
Ukraine suffered a second day of intense bombing of its power stations, plunging half a dozen regions into darkness, as the Kremlin tries to take advantage of Kyiv’s dwindling supply of air defence ammo.
For the first time, the Kremlin has called the conflict in Ukraine a “war.” Presidential spokesman Dmitry Peskov admitted the fight was a war in an interview with a leading Russian newspaper, using the word that until now was illegal.
The US has urged its G7 allies to issue a $50bn bond backed by the profits earned from the $300bn of frozen Central Bank of Russia (CBR) money held in Europe.
An epic brawl in the aviation insurance business is going nowhere as Western firms try to recover something from the Russian government, which seized billions of dollars’ worth of leased planes impounded by Russia.
Russian forces must only make an offensive push for 250km to cut the Baltic states from Europe.
This time last year and a cheer went up from amongst Ukraine’s supporters. The twin oil sanctions were moving into place and it looked like they were going to work as Russia’s oil revenue collapsed and the budget deficit blew out.
EU members are pushing for the start of accession talks with Bosnia at this week’s EU Council, but wider progress unlikely before June elections.
The European council agreed to add several new agricultural products to a list that reimposes tariffs and quotas on Ukraine agricultural product imports to the EU, voting on a surprise decision to expand the list.
EU countries have overnight agreed to impose new restrictions on Ukrainian agricultural imports that will cost the cash strapped country €1.7bn and hurt its ability to fight the war against Russia.
Speaking on March 18, following President Vladimir Putin's re-election victory speech, where he broached the idea, Kremlin spokesman Dmitry Peskov stated that a zone between Russia and Ukraine was the best way to protect Russians.
EU ambassadors agreed to back a new €5bn Ukraine Assistance Fund on March 13, part of the EU's off-budget European Peace Facility (EPF) that is used to partially reimburse member countries for the weapons they provide to Ukraine.
European nations within Nato are facing a €56bn shortfall in meeting the alliance's defence spending pledge of 2% of GDP this year, the Financial Times reported on March 16.
European Nato countries are ramping up their defence investments, with plans to collectively spend almost $500bn this year.
LPP fiercely denied the report, which knocked its stock price nearly 36% in one day.
The underlying premise of the summit was to acknowledge that stopping Russia in Ukraine now will come at a much smaller cost than having to stop it later at the EU's gates.
The European Union Intellectual Property Office (EUIPO) has once again rejected a request by Ukraine’s State Border Guard to register the slogan "Russian warship, go f**k yourself” as a trademark.